Book Image

Practical Artificial Intelligence and Blockchain

By : Ganesh Prasad Kumble
Book Image

Practical Artificial Intelligence and Blockchain

By: Ganesh Prasad Kumble

Overview of this book

AI and blockchain are two emerging technologies catalyzing the pace of enterprise innovation. With this book, you’ll understand both technologies and converge them to solve real-world challenges. This AI blockchain book is divided into three sections. The first section covers the fundamentals of blockchain, AI, and affiliated technologies, where you’ll learn to differentiate between the various implementations of blockchains and AI with the help of examples. The second section takes you through domain-specific applications of AI and blockchain. You’ll understand the basics of decentralized databases and file systems and connect the dots between AI and blockchain before exploring products and solutions that use them together. You’ll then discover applications of AI techniques in crypto trading. In the third section, you’ll be introduced to the DIApp design pattern and compare it with the DApp design pattern. The book also highlights unique aspects of SDLC (software development lifecycle) when building a DIApp, shows you how to implement a sample contact tracing application, and delves into the future of AI with blockchain. By the end of this book, you’ll have developed the skills you need to converge AI and blockchain technologies to build smart solutions using the DIApp design pattern.
Table of Contents (15 chapters)
Section 1: Overview of Blockchain Technology
Section 2: Blockchain and Artificial Intelligence
Section 3: Developing Blockchain Products

Evolution of decentralized applications

Let's begin this chapter by quickly refreshing our memory about the current state of decentralized applications in a chronological manner. The following diagram shows how applications have evolved over the past three decades:

Fig 8.1: Evolution of applications since the dawn of the internet

Here, we can observe three major shifts in the application design pattern. We can also observe the three major aspects of how applications evolve over time.

We will discuss each in the following sections.

Traditional web applications

Although prominent work for the foundation of the internet was laid out in the 1970s and the 1980s, it was the World Wide Web that made a significant leap in how information can be shared easily among nodes in a network. Traditional web applications such as blogs, chatrooms, and e-commerce websites emerged since the advent of the public internet in the mid-1990s. The majority of internet traffic is still driven by such applications...